Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,147 members, 7,818,442 topics. Date: Sunday, 05 May 2024 at 03:57 PM |
Nairaland Forum / Nairaland / General / Politics / Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing (23892 Views)
Subsidy Removal: FG Records Over N1 Trillion Monthly Revenue Inflow – Wale-Edun / Subsidy Removal: FG Shocked Over High Food, Transportation Costs / Subsidy Removal: FG Saves ₦400 Billion In Four Weeks (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by seguno2: 11:43pm On Aug 28, 2023 |
Parachoko: The same Ebola who is putting debt burden on Lagosians yet unborn, despite huge IGR and federal allocation, without delivering any government services, utilities and facilities? Na why you dey play like this, with your own mind Domestic debt: Lagos borrows over N126bn in three months, DMO releases other States’ figures |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Blaze232(m): 11:45pm On Aug 28, 2023 |
Them borrow= e no touch my body . . them no borrow 2= I no see anything My own is make live easy and affordable for common folks. Many countries are paying their citizens |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by leokid866: 12:15am On Aug 29, 2023 |
lexy2014:Oga calm down....Afreximbank is a bank created to help trade among African countries, with the government of many African countries part of its charter including Egypt, Nigeria, Libya and co....the money from Afreximbank was weighed against Oil crude sale contracts meaning within the term of the forward sale contract (cause thats what it really is and not exactly a loan) If NNPC cannot pay back the cash we can pay in oil which countries like Egypt will take hold of.....and since we don't pay interest on it the money is technically not a loan.....think of it like you as a manufacturer having issues and you meet with your customers to give you an advance payment and mark their money against products which you will supply them at a reasonable amount which they can take hold of regardless of what their market price will be in the future when produced ( this part is crucial when it comes to forward sale contracts concerning oil cause the price always swing) if we can pay back the money that's fine, but I'm sure a key part of the contract will stipulate we pay back part of it in oil 🛢...... |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by lexy2014: 12:17am On Aug 29, 2023 |
leokid866: that isnt what I asked since Nigeria hasnt supplied the crude oil that has been bought in the future and but has collected money for products not yet delivered, is it indebted to its customer? simple yes or no who is the customer that ordered for crude oil that it doesnt need now but needs it in the future? i need just a name 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by leokid866: 12:24am On Aug 29, 2023 |
lexy2014:yes it's indebted to the Afreximbank which currently represents the following african countries....Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad, Central Africa Republic, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, and Lesotho......and we are not indebted in cash but oil.....that's the beauty of a forward sale contract we don't have to pay back the cash if we don't want to.....we can just supply the oil we ordinarily would have at some point in the future 😀 |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by snowball11(m): 12:25am On Aug 29, 2023 |
Bestmanfornow: These idiots thinks everyone are as daft as they are! Idiotic bunch! 3 Likes 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by lexy2014: 12:28am On Aug 29, 2023 |
leokid866: that isnt what I asked 1. since Nigeria hasnt supplied the crude oil that has been bought in the future and but has collected money for products not yet delivered, is it indebted to its customer? simple yes or no 2. who is the customer that ordered for crude oil that it doesnt need now but needs it in the future? i need just a name 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by leokid866: 12:31am On Aug 29, 2023 |
lexy2014:okay just realized your not reading the post so I'm going to leave you to it now..... |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by lexy2014: 12:35am On Aug 29, 2023 |
leokid866: what is at the end of each question? 1. since Nigeria hasnt supplied the crude oil that has been bought in the future and but has collected money for products not yet delivered, is it indebted to its customer? simple yes or no 2. who is the customer that ordered for crude oil that it doesnt need now but needs it in the future? i need just a name 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by NinjaMetahuman: 2:46am On Aug 29, 2023 |
Kukutente23:NNPC is its own company. If dangote borrows 10billion to finance his refinery, you won't say tinubu borrowed 10billion would you? 1 Like |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Kukutente23: 2:51am On Aug 29, 2023 |
NinjaMetahuman:Who owns the crude NNPCL is selling Which private company goes to borrow money to stabilise the naira Dey play |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by makaay1010: 3:07am On Aug 29, 2023 |
lexy2014: FG dey do pre order.... we all know pre order goods are very cheap nd takes a longer time to reach custormer..... so federal government collevted 3.3billion dollars pre order... in short the crude we are going to supply to is certainly go to be worth more than the normal quantity for the 3.3billion..... if u dont getrit, forget aboutrit..... 1 Like |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Atlantis585: 3:19am On Aug 29, 2023 |
Tomorrow you will hear another story. Lying bunch of modafckers!
|
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Atlantis585: 3:24am On Aug 29, 2023 |
slivertongue: How about dem Mannabbq. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Atlantis585: 3:28am On Aug 29, 2023 |
SmartPolician:
|
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by NinjaMetahuman: 3:28am On Aug 29, 2023 |
Kukutente23:NNPCL is a private company with Nigeria having a stake there. NNPCL has its stake holders. Dangote refinery is a private company with Nigeria having a stake there. Dangote refineries has its stake holders. Learn before you comment. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Safyqueen: 3:29am On Aug 29, 2023 |
Government that will soon be booted out by the military. Stay there dey yan nonsense. The masses are extremely feeling it and you think things are ok? Just because no demonstration yet? You will soon run out of that office. Dan buruba shege. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by stevups(m): 3:36am On Aug 29, 2023 |
Chinjo2: Who will now take over USA? |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by IamAsiri: 4:18am On Aug 29, 2023 |
Parachoko: Why? It can be returned to them and a counteragreement made. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Faposky95: 4:32am On Aug 29, 2023 |
Parachoko: NNPLC borrowed 3 billion ohhhh, but Nigeria will soon be reminded. BAT take note !!!!! 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Faposky95: 4:33am On Aug 29, 2023 |
OGIBRA: Llllloooonnnngggg thing IS GOING...... you dey whine us?? 1 Like |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Faposky95: 4:38am On Aug 29, 2023 |
Ofunaofu: Ever since dem share rice.....na time for English Not all are as myopic..... It is not supper that we get over fed, but do wat is worth doing and do it well. Nobody dey clap for lizard if he use back land for ground. Myopics don't still get the government thing |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by orisa37: 4:45am On Aug 29, 2023 |
YES. ADOPT FAPRES FOTCS AND CTC FOCS TRFG AND LET THE 36 GOVERNORS AND THEIR COMMISSIONERS WORK HARD FOR THEIR LIVINGS LIKE YOU AND TINUBU. IT IS SPECIALISATION AND DIVISION OF LABOUR. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by COMPAQ(m): 4:57am On Aug 29, 2023 |
Chinjo2: China taking over Nigeria might actually be a good thing sef. Since we can't seem to manage ourselves! |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by IMASTEX: 5:22am On Aug 29, 2023 |
OGIBRA:There is a very high level of despair & distrust for the government. It has always been there with Nigeria politicians, it only increased significantly since Buhari turned out to be a failure. Changing the key players in 2015 was the little sign to hope once more, but it turned out a disaster, hence the major reason people are fleeing in drove. Until the people start seeing physical evidence of sacrifice from those in power & result from action plan. What you call 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Tunji50: 5:40am On Aug 29, 2023 |
Parachoko:Go nd read about d news Even frm their website 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Irony1: 6:13am On Aug 29, 2023 |
Parachoko: Satan will express so much shock at the way you people lie. Because at this rate you will dethrone him as the father of all liars. This same government that took a $500m facility to use as palliative and who used NNPCL to take $3bn facility from Afrexim that is based in crude oil repayment to stabilize the Naira. You are now saying the has not borrowed. Haaaa fear God oooooo 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Irony1: 6:15am On Aug 29, 2023 |
Tunji50: Don't mind that guy he thinks he is smart. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Irony1: 6:22am On Aug 29, 2023 |
leokid866: Do you know that the funds that was given to NNPCL for FG to use in stabilisation of the Naira. Now the issue is what business does NNPC have in stabilising the Naira? Is it not the role of the FG? Also note that when the funds finishes(the stabilisation of the naira which was what the loan would be used for was for 30 days)what happens again? Would the FG use NNPCL to borrow from Afrexim again? And since NNPCL is now a private entity having these kind of loans in their books is the fastest way to bankruptcy. All the successful state own companies like Statoil, Petronas, Petrobras and Saudi Aramco have one thing in common government influence was whittled down to the barest minimum. 1 Like 1 Share |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by seguno2: 6:31am On Aug 29, 2023 |
Safyqueen: Why did the masses allow this continuity of APC lies, propaganda and looting, then wail for military rule? Do you know the difference between India and Pakistan Work hard to make your representative and senator reduce the shege of Tinubu’s APC and also don’t forget to work on your state lawmaker and governor to do their jobs. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Parachoko: 6:39am On Aug 29, 2023 |
Irony1:Show evidence the Government collected $500m loan NNPCL has been privatize under Buhari. |
Re: Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing by Kojiek03(m): 6:43am On Aug 29, 2023 |
Na the same people, ukochukwu na the same people. |
(1) (2) (3) (4) (5) (6) (Reply)
Detained DCP Abba Kyari Drags FG To Court, Seeks Release From NDLEA Custody / Kogi Election: El-Rufai, 6 Governors, Others To Relocate To Kogi / IGP Charges Police Officers To Marry Each Other
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65 |